• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Before Header Widget

Texas Mon-Sun / 7am - 9pm 713-GO-BLINK / 713-462-5465
Loan Options Investment Loans Apply Now Contact Us
Blink Lending

Blink Lending

The Full Service Mortgage Lender | Real Estate Financing | Blink Lending

  • Education
  • Get Approved
  • Refinance Now

What Is Title Insurance And Why Should You Have It?

December 31, 2020

Title insurance protects the insured from a financial loss related to the ownership of a property. There are two policies involved in a home loan closing. The first is the lender’s policy, which is required, and the second is the owner’s policy.

Both are a one-time, upfront cost that will be included on the settlement statement to be collected at closing, not a monthly premium that will be added to your mortgage payment.

What Is A Clear Title?

When you are in the home buying process, a title company will check for “clear title.” A clear title is a title without any type of lien from creditors or other parties that would pose a question as to legal ownership.

For example, an owner of a home with a clear title is the sole owner, and no other party can make any kind of legal claim to its ownership. Title insurance protects you from anything that might have been missed.

Some common examples of title issues are:

  • Title forgeries
  • Back taxes
  • Filing errors
  • Unknown heirs to the estate who claim ownership
  • Inconsistent or conflicting wills
  • Liens, commonly from unpaid home equity lines of credit (HELOCs) or contractor bills
  • Undocumented easements

Here are a few other articles and blogs that go into more detail on title insurance and some of the issues you can run into. We suggest that you familiarize yourself with the concept, and of course, call us at Blink if you have any questions, and we’ll happily help walk you through the process.

Title Insurance: What Does It Cover and Do I Need It? | Zillow (received information above from this website)

A super easy read breaking down what title insurance is, and why you need it from Forbes below:

What Is Title Insurance And Why You Need It When You Buy A New Home (forbes.com)

Check out our friends at Fidelity National Title and see their 21 reasons for Title Insurance 😊

Fidelity National Title Insurance Company (fntic.com)

Filed Under: Uncategorized

24/7/365 support

Call Us

713-462-5465

Chat Us

Live Chat

Message us

info@blinklending.com

Find Answers

Knowledge Base

Learn Stuff

Blink Blog

Footer

Manage

  • Apply Online
  • Chat with Us
  • Call us at 713-462-5465
  • Sign in to Your Profile

Research

  • Blink Blog

About Blink

  • About Us
  • Our Process
  • Blink Blog

Newsletter

Be the first to know about the latest mortgage trends and get access to exclusive events.

Facebook Instagram YouTube

Blink Lending LLC

  • 603 W 11th St. Houston, TX 77008
  • 713-GO-BLINK/713-462-5465
  • loans@blinklending.com
  • NMLS #1795324
  • NMML Consumer Access Page
  • Compliant Recover Form Notice

© 2021 Blink Lending LLC | Created by MDG

What would you like to talk about?

Owner
Occupied

Looking for information for a home to live in?

Continue

Investment
Properties

Want information on your next investment property?

Continue
×

Questions? We Have Answers.

Search Widget

Don't like what you see? Why not talk
to a human? Get In Touch
  • Education
  • Get Approved
  • Refinance Now
713-GO-BLINK
603 W 11th St.
Houston, TX 77008